Cosign a Loan

ASKED TO COSIGN? LET’S REVIEW WHAT THAT MEANS.

You've been invited to cosign an Alaska state education loan. Students and family member borrowers who do not independently satisfy loan credit requirements can ask a creditworthy relative, spouse, or other individual to help them qualify.

What is a cosigner?

As a cosigner, you are guaranteeing repayment of this debt. Because of this shared responsibility, the loan obligation will be part of your credit history, including any related delinquencies. We want to ensure you are fully aware of these implications.

Cosigner responsibilities

As a cosigner, you will be required to repay the debt if the borrower fails to do so. That debt will include outstanding principle, interest, and fees incurred. Review the loan repayment examples to illustrate the financial obligation and associated monthly payments.

ACPE Student Loans:

Zero fees
Benefits to reduce cost
Great customer service
Serviced in Alaska
Options for undergraduate, graduate, and career-training

What’s required to be approved to cosign a loan?

  • Be a legal adult of 18 years or older
  • Be a U.S. citizen or a permanent resident
  • Have a credit history that demonstrates good credit, including meeting specific FICO score requirements for the loan in which you are cosigning

Here's what you'll need to apply:

  1. First, you will be asked to login or create an account
  2. Be a U.S. citizen or a permanent resident
  3. To complete the application you will need:
    • Social Security Number
    • The primary borrower’s name and Social Security Number
    • Two references, one of which must be a family member